TODAYS WATCHLIST
🔸 Brigade Enterprises and PVP Ventures
The companies signed joint development agreement to develop a 2.5 million square feet, high-rise residential project in Chennai with a revenue potential of about Rs 2,000 crore
🔸 Eureka Forbes
Promoter Lunolux plans to divest up to 12% stake in the company for Rs 1,148.7 crore via block deals
🔸 Home First Finance
The company received corporate agent license from Insurance Regulatory Development Authority of India for soliciting life, general and health insurance.
🔸 Grasim Industries
The company will launch Birla Opus Paints Business and will inaugurate three plants
🔸 South Indian Bank
The lender announced Rs 1,151 crore rights issue. It will offer 52 crore shares at Rs 22 per share. The issue opens March 6 and closes on March 20 and the record date is set as Feb 27. The rights ratio set at 1 share for every 4 shares held
🔸 SG Mart
The company incorporated a unit in Dubai in the name of SG Mart FZE.
🔸 Sula Vineyards
The company announced that Maharashtra government has issued a GR for the continuation of the Wine Industrial Promotion Scheme for a period of eight years.
🔸 J. Kumar Infraprojects
Madan Biyani has resigned from the position of Chief Financial Officer
🔸 LTIMindtree
The company signed MoU with Eurolife FFH, a leading insurance company in Greece powered by Fairfax Digital Services, to establish first-of-its-kind Gen AI and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai
🔸 Devyani International
Yum Restaurants has sold its entire stake in Devyani International, which operates KFC and Pizza Hut, through an open market transaction on Wednesday.
🔸 Apollo Micro Systems
The company has received sanction for a term loan of Rs 110 crore from State Bank of India for the implementation of its upcoming project in Hardware Park, Hyderabad.
